A number of tax changes will be coming into effect in the New Year that will give Islanders more disposable income. The basic personal income tax amount will be raised to $10,000 from $9,160, the small business tax rate will drop by another 0.5 per cent to 3 per cent, and the low...
Find full details about Prince Edward Island's Economic and Fiscal Updates.
Today, Premier Dennis King and Finance Minister Darlene Compton tabled government’s capital budget that will see $156 million of planned spending on critical infrastructure through 2020-21 supporting the livelihood of Islanders and communities across the province. “It is because...
A strong economy with high employment and good fiscal management have led to a $56.9 million surplus in the 2018-19 fiscal year for the Province of Prince Edward Island. “It is because of the strength of Islanders that we continue to experience a strong and healthy economy. It is...
Population projections are a fundamental tool to understand the trends in the overall size and composition of a population.
The strong economic performance and debt management practices of Islanders and the provincial government are reflected in recent bond ratings. For the first time since 2000, DBRS has upgraded the province’s bond rating from A(low) to A. As well, Moody’s maintained the province’s...
The Annual Statistical Review, which provides a soci-economic analysis, shows that 2018 was another successful year for Prince Edward Island. “The Annual Statistical Review is an important reference document that provides up-to-date, accurate and impartial statistics on the...
The 44th edition of the Annual Statistical Review gathered data from provincial government departments, the private sector and Statistics Canada to provide a socio-economic snapshot of Prince Edward Island in 2017.
The provincial government has delivered a balanced budget that will invest in areas close to the hearts of Islanders. Finance Minister Darlene Compton presented the 2019-20 operating budget to the Legislative Assembly today. The budget is projecting a surplus of $1.8 million and...
Today the province announced more affordable housing initiatives, including new construction projects in Cornwall, Charlottetown and Souris. These latest initiatives continue to reflect the action items and priorities of the Housing Action Plan, ensuring that all Islanders have...